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EA Review: Forex Trading Robot DAVE

Forex Trading Robot DAVE (bestforextradingrobotea.com) is an expert advisor built to work on both the Metatrader 4, and 5 platforms. The software scours the market 24 hours a day, whenever the market is open with an aggressive scalping strategy which focuses on trade frequency. Generally, then focus on trade frequency have trouble with long-term profits, so that’s something we will certainly be paying close attention to in our review today.

The vendor doesn’t provide any information about their trading history, or company location. It is unknown who the developers of this robot are, which isn’t a good thing. The vendors should certainly provide some sort of information about their trading history or reputation in the Forex market. In order to get in touch with support, traders can email support@bestforextradingrobotea.com.

Forex Trading Robot DAVE Review

The website isn’t very detailed, or in-depth, but the Forex Trading Robot DAVE team does provide a few brief statements about their trading approach.

Strategy

According to the sales page, the DAVE system “based on a large number of price data analysis, real-time scalping system.” This sentence doesn’t really make a whole lot of sense, and that’s disappointing, because it is the main point of reference when it comes to their methodology.

They also mentioned that the system does not depend on spreads for execution speed, which is hard to believe, because these are essential to just about any scalping system on the market.

Outside of these couple of sentences, the vendor doesn’t provide much information, which means they don’t qualify for best Forex robot ranking.

Robot Analysis

  • Type: Forex Robot
  • Price: $97
  • Strategy: Scalping
  • Timeframe: Any
  • Pairs: Any

Traders interested in the Forex Trading Robot DAVE can purchase versions compatible with either MT4 or MT5 for just $97. According to the website there is a 50% discount active, as the software is usually priced at $200, but every time we visited the website this deal is active. So, we believe that this deal is always active, so you don’t have to rush and purchase to take advantage of it.

With the package, traders get access to the robot, customer support, and a 30 day moneyback guarantee.

Client Feedback

While there is very little feedback, the only 2 real client reviews without for the Forex Trading Robot DAVE system were very negative.

Both of the comments claim that the robot is a scam, and say that their emails were ignored when they asked for their money back during the 30 day guarantee period.

Performance Results

Much like the client feedback, the Forex Trading Robot DAVE trading results are underwhelming as well. The vendor doesn’t provide any verified trading results, or long-term trading statements. The only results provided are a handful of screenshots, and a couple of YouTube videos.

None of these results for the system prove that it’s viable, and most of the results are either old or not substantial enough to show us the true sample size of trading data.

In 2019, there is no reason why a product producer can’t provide verified trading results. There simply isn’t a single expert advisor in this market worth purchasing, that doesn’t have trading results. You can see in our recent reviews of Pro FX EA, and Trabot, just how important trading performance is. We take it very seriously, and simply don’t recommend products that can’t prove themselves.

Some traders believe that it’s on us, the reviewer, to test the product and show the results. We feel that is asinine. It is up to the vendor to prove the product is worth testing, before we test it.

Conclusion

While the software is priced low, based on the information we gathered, the Forex Trading Robot DAVE still doesn’t seem worth it. Between the client feedback, and the real lack of verified trading results, there are just too many other worthy options in this market, that are actually worth your time.

If you have any suggestions or comments you would like to add to this review, please leave them below the article now.

Forex Trading Robot DAVE $97
  • Pricing
  • Strategy
  • Results
  • Client Feedback
  • Customer Support

Summary

Forex Trading Robot DAVE is an expert advisor with poor client feedback and no verified trading results.

Overall
2.3
Comments Rating 0 (0 reviews)

Pros

MT4 & MT5 compatible
Any pair & any timeframe

Cons

No verified results
Little strategic insight
Non responsive support
Poor feedback

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

7 comments

  1. This is a total scan…I bought the EA in 2018 when it was $100 …I installed it with an account of $5000 …my account ended up being blown because of trades without stop loss opened by this EA…when I contacted them for a refund they ignored my email….so my advice is to stay away from this ea its a total scam.

  2. I used this ea for a month… And previously other ea.. I think this ea is ok… With 200 usd by using m15 timeframe.. It can makes about 2 usd per day with minimal dd.

    Max recorded dd is about 50usd and it makes 20usd on that day.. Still monitoring

  3. Fernando Altamirano

    I tested this EA for more than a month, first on a Demo Account and it always win, of course it has its drawbacks , you should have at least 5000 USD in your account because it uses a lot of this amount to place positions, I followed manual recommendations and it worked Ok. I have it now in my real account and it worked fine. If you don’t follow manual recommendations you could lose everything.

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